Presenting his second Budget in the Lok Sabha, Railway Minister Suresh Prabhu promised rationalising of the tariff structure by undertaking a review to evolve competitive rates vis-a-vis other modes of transport and to expand the freight basket as a means of additional revenue mobilisation.

Unlike last year when he tweaked freight rates, Prabhu made no changes either in passenger fares or freight rates.

In his long Budget speech, Suresh Prabhu briefed about introducing overnight double-decker trains on busy rail routes.

Suresh Prabhu noted the strategies of Railways that will evolve around three pillars - exploring new avenues to raise revenues, improve efficiency and totally recast decision-making. He also mentioned revamping of Railway stations, monetisation of land to raise rail revenue from non-freight sources.

"Cooperation, collaboration and communication, are the hallmarks of Indian Railways' journey forward," the minister said. "We will be at the forefront of infrastructure investment in the country".

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